Tennant Company Unveils Net Zero Plan by 2040

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by KnowESG
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Tennant Company, a global leader in designing, manufacturing, and promoting innovative cleaning solutions, has announced a bold plan to achieve net zero emissions by 2040.

According to President and CEO Dave Huml, "As a market leader known for our innovative approach, I am confident that we can make meaningful changes on a global scale. By integrating sustainable practices into our operations, we will continue to deliver solutions that address our customers' challenges and support their sustainability goals. Through collaboration with our stakeholders, we aim to create a healthier planet where people can thrive."

Setting science-based net-zero targets

As a frontrunner in the mechanized cleaning industry, Tennant has set goals to achieve net-zero greenhouse gas (GHG) emissions across Scopes 1, 2, and 3 by 2040. The company has submitted a letter of commitment outlining its net-zero goals to the Science-Based Targets initiative (SBTi) for validation.

To achieve this ambitious target, Tennant plans to implement substantial emissions reductions across its operations and value chain by:

  • Collaborating with customers to enhance the energy efficiency of its portfolio and offering solutions that eliminate GHG emissions during the product's use phase by 2040;

  • Aiming to source 100% of electricity from renewable sources for all its global facilities by 2030;

  • Transitioning its entire global fleet to electric vehicles by 2040;

  • Continuing to invest in energy efficiency initiatives within its facilities and operations; and

  • Working with external partners to drive innovation and technological advancements for a cleaner future in the industry.

  • Tennant's commitment to net zero will not only support its customers in achieving their own emissions reduction goals but also contribute to improving shared spaces for the collective benefit of business and society.

Embedding sustainability throughout the organisation

In pursuit of its net-zero target by 2040, Tennant has introduced a new sustainability framework that aligns with the most significant issues relevant to the company and its stakeholders.

Carol McKnight, SVP and Chief Administrative Officer, explains, "Our new framework centres on the interconnectedness of people and the planet, providing a lens for our company to set goals, align plans, and integrate sustainability across our business. This roadmap will guide us for the next 150 years, anchored in our belief that our sustainable cleaning solutions will reinvent how the world cleans, creating shared value for all."

The new sustainability framework is structured around two pillars - Thriving People and Healthy Planet. Each pillar focuses on key impact areas where Tennant aims to drive progress, including employee well-being, social impact, shared spaces, climate and energy, water and chemical usage, and circular products and waste.

A legacy of sustainability leadership and stewardship

Tennant has a longstanding history of demonstrating leadership in sustainability and environmental, social, and governance (ESG) practices. The company has consistently engaged with communities, developed products that support its customers' sustainability goals, and reduced greenhouse gas emissions. Notably, Tennant was among the first 100 companies worldwide to have its GHG emissions reduction targets approved by the SBTi.

Stewardship has always been a guiding principle for Tennant, aligned with its mission of creating a cleaner, safer, and healthier world. Recent achievements highlighted in the company's 2022 (FY 2021) Sustainability Report include:

  • Continued progress towards its existing Scope 3 science-based target by reducing greenhouse gas emissions from product usage by 32% since 2016.

  • Sourcing 86% of global electricity consumption from renewable energy sources in 2021.

  • Investing $880,000 in community-based charitable contributions through the Tennant Foundation in 2021.

  • Launching an enterprise-wide Human Rights Policy to further reinforce the company's commitment to ethical and transparent business practices.

  • Formal commitment to diversity, equity, and inclusion (DE&I) enacted with the internal launch of the New Perspectives programme, which seeks to ensure that Tennant maintains a work environment where all are welcome, heard, and able to succeed.

To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.

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Source: BUSINESS WIRE

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